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Dec 30, 2012
12/12
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the fiscal cliff isn't the only pressing legislation that's on congress's plate. there's also something called the farm bill. republicans opposed a measure passed by senate in june. saying it cost too much. if congress doesn't act, dairy farmers among others would no longer have a government safety net for prices and the cost of a gallon of milk could soar. here's agriculture secretary tom vilsack had to say on the state of the union. >> if you like anything made with milk you're going to be impacted by the fact that there's no farm bill. if if there is not an extension of the existing bill or a new bill basically on january 1st or shortly thereafter, permanent agricultural law goes into effect, which means the federal government will go back into the business of strongly supporting the dairy industry by raising the price support if you will or support for dairy products to $38 a double weight, almost twice what the price is today. >> vilsack says that the agricultural exports and farming families will also be affected if a farm bill is not passed. to the senate f
the fiscal cliff isn't the only pressing legislation that's on congress's plate. there's also something called the farm bill. republicans opposed a measure passed by senate in june. saying it cost too much. if congress doesn't act, dairy farmers among others would no longer have a government safety net for prices and the cost of a gallon of milk could soar. here's agriculture secretary tom vilsack had to say on the state of the union. >> if you like anything made with milk you're going to...
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Jan 1, 2013
01/13
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the senate passed the fiscal cliff deal with an overwhelming bipartisan vote. it was 89-8. want to bring in jessica yellin at the white house. you, too, were up late early in the morning here. the president, how does he feel things are going? we went over the cliff but clearly there's still more work to be done. >> reporter: well, look, they're not coming out and talking so they're being careful and letting the process unfold as it needs to. but there's a sense here that this deal will get done. and that they have wrapped up this -- this part of the process will be wrapped up today, suzanne. and you know, i'd say that there's also a sense here that the president did get a win. that's the view from this end of pennsylvania avenue. there are many different views on the other end. the sense here is that, for example, this is as they're saying in their talking points the first bipartisan agreement to raise taxes on the wealthy in 20 years. now, that is, in fact, an accomplishment for a democratic president they got a concession from the republican party to let taxes increase on
the senate passed the fiscal cliff deal with an overwhelming bipartisan vote. it was 89-8. want to bring in jessica yellin at the white house. you, too, were up late early in the morning here. the president, how does he feel things are going? we went over the cliff but clearly there's still more work to be done. >> reporter: well, look, they're not coming out and talking so they're being careful and letting the process unfold as it needs to. but there's a sense here that this deal will...
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Dec 30, 2012
12/12
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the senate where they are still trying to work out a deal to avoid a fiscal cliff. just watching and keeping an eye on things so we'll bring you the latest developments as they happen. when they do, we'll bring them to you. >>> deal or no deal -- that is the $64,000 question. and this is not a game show. we're talking about of course, the high-stakes politics in washington that will impact every american family. the fiscal cliff is here. and we all go over it in two days. unless the president and congress are able to come up with some kind of budget deal. so let's bring in brian monroe. the editor of cnn politics.com and he's joining us from san antonio, texas. brian, no one wants their taxes to go up. we know come tuesday, everyone who gets a paycheck will get less money in it unless a deal is reached. i know you've been talking to people and getting the pulse of the country, what are they saying to you? >> you know, martin, you're right, gallup did a recent poll taking a look at this. let's take a look. the recent poll shows that 68% of americans are saying lawmak
the senate where they are still trying to work out a deal to avoid a fiscal cliff. just watching and keeping an eye on things so we'll bring you the latest developments as they happen. when they do, we'll bring them to you. >>> deal or no deal -- that is the $64,000 question. and this is not a game show. we're talking about of course, the high-stakes politics in washington that will impact every american family. the fiscal cliff is here. and we all go over it in two days. unless the...
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Dec 31, 2012
12/12
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cliff. no vote yet, no agreement yet. and not a lot of time left. can you say one more day? we're going to start with the secretary of state, hillary clinton, hospitalized with a blood clot. it was discovered today during a follow-up exam. doctors say it is related to a concussion she suffered earlier this month. you'll recall the former first lady was suffering from a stomach virus when she fainted. i want to bring in cnn's chief medical correspondent, dr. sanjay gupta. she was just cleared to return to work this week, and now this. >> first of all, there are a couple things that are important. admittedly, the details are vague, don. it sounds like she went in for a routine exam, they found a clot, a blood clot, they did not specify where this clot was located. she's hospitalized on blood thinners, anti-coagulants, as you mentioned. these are important points. from a medical perspective, first of all, finding this on a routine exam means that she didn't go in for some particular new problem
cliff. no vote yet, no agreement yet. and not a lot of time left. can you say one more day? we're going to start with the secretary of state, hillary clinton, hospitalized with a blood clot. it was discovered today during a follow-up exam. doctors say it is related to a concussion she suffered earlier this month. you'll recall the former first lady was suffering from a stomach virus when she fainted. i want to bring in cnn's chief medical correspondent, dr. sanjay gupta. she was just cleared to...
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Dec 31, 2012
12/12
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negotiations on capitol hill stalled in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for everyone and big spending cuts. a make or break deal may come down to just a few lawmakers. >> it remains to be seen whether the republicans being driven by an extreme group of house members will allow our economy to hurt because of their desire to protect multimillionaires in this country. and i think that's what's going to boil down to. >> any plan
negotiations on capitol hill stalled in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for everyone and big spending cuts. a make or break deal may come down to just a few lawmakers. >> it remains to be seen whether the republicans being driven by an extreme group of house members will allow our economy to hurt because of their desire to protect multimillionaires in this country. and i think that's what's going...
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Jan 1, 2013
01/13
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. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today? doomsday, yikes. they put those off. but only for two months. t
. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax,...
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Jan 1, 2013
01/13
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fiscal cliff bill, send it back to the senate for more action. that could be the kiss of death during this current session. many lawmakers on both sides of the aisle have grave concerns about this measure, the drama surrounding it, and their criticism is blunt. >> i wish i could say that this was a proud moment. a moment in which we started the year off right, in which the first of january was the first of a great many good things. it isn't. we're kicking the can down the road. >> we're about to have a hold your nose vote here in the house of representatives. and many of us are going to wrestle with the problem of making perfect be the enemy of the good. >> senator mitch mcconnell observed, quote, this shouldn't be the model for how we do things around here, end quote, and then the senate proceeded like a bull in a china closet anyway. the senate boasts, it is america's deliberative body. today, that claim rings hollow. >> this agreement represents absolutely the least we could have done under these circumstances and tragically, institutionalizes
fiscal cliff bill, send it back to the senate for more action. that could be the kiss of death during this current session. many lawmakers on both sides of the aisle have grave concerns about this measure, the drama surrounding it, and their criticism is blunt. >> i wish i could say that this was a proud moment. a moment in which we started the year off right, in which the first of january was the first of a great many good things. it isn't. we're kicking the can down the road. >>...
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Dec 24, 2012
12/12
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. >>> as we move closer to the january 1 fiscal cliff, senators from both sides continue to blame the other for the lack of progress on the plan to keep the country from going over that cliff. that's raising taxeand cutting program benefits. >> i think there's unfortunately only going to be a small deal, but unless we get to four trillion dollars we're just kicking the can. remember we took 4 1/2 trillion dollars out of our revenue stream. we're only talking about, with the bush tax cuts, we're only talking about putting a third of that back in. >> it's going to take both houses of congress and everyone to realize we can't let taxes go up on working people in this country, and the bush tax cuts are tax cuts that did help our economy in the beginning. >> you know where this is going. if no deal by january 1st, taxes for 90% of us will be going up. and that's just the beginning. former president george h.w. bush may not be coming home in time for christmas. doctors at a houston hospital say the 41st president needs to build up his injury before they can release him. it can still happen.
. >>> as we move closer to the january 1 fiscal cliff, senators from both sides continue to blame the other for the lack of progress on the plan to keep the country from going over that cliff. that's raising taxeand cutting program benefits. >> i think there's unfortunately only going to be a small deal, but unless we get to four trillion dollars we're just kicking the can. remember we took 4 1/2 trillion dollars out of our revenue stream. we're only talking about, with the bush...
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Dec 27, 2012
12/12
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harry reid is addressing the senate. this is days before the fall off of the fiscal cliff. senate democrats are telling republicans get out of the way of a last-minute deal, accept tax increases for people making $250,000 a year. get out of the way. accept that. joining us is the founder of the media research center. blame if problem is spending and neither side is being serious about spending. neither side is. stuart: when you put your finger on it. they are politicians, are they not? they have to have in the back of their mind, they are politicians. they have to bear in mind the next election can they get reelected? can any politician get reelected by saying i am going to cut entitlements, cut spending? you are going to lose something? >> do you realize we have been doing this for 25 years? do you understand why we are in the mess we're in now? for 25 years both sides kicked the ball down and that is why we have not had a budget in three years. nobody wants to take a stand. every single republican, republican ran for office on the pledge to hold the line on taxes and cut
harry reid is addressing the senate. this is days before the fall off of the fiscal cliff. senate democrats are telling republicans get out of the way of a last-minute deal, accept tax increases for people making $250,000 a year. get out of the way. accept that. joining us is the founder of the media research center. blame if problem is spending and neither side is being serious about spending. neither side is. stuart: when you put your finger on it. they are politicians, are they not? they...
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Dec 27, 2012
12/12
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the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >>
the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked...
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Jan 1, 2013
01/13
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>>> cliff hanging. overnight the senate passes a deal to avert the fiscal crisis. now it heads for a showdown in the house. >> this shouldn't be the model for how we do things around here. but i appreciate the vice president's willingness to get this done for the country. >>> clinton blood clot. secretary of state hillary clinton is being treated for a clot in the vein between the brain and the skull. >>> and the world rings in the new year. ♪ captioning funded by cbs >>> good morning, everybody. happy new year to you. good to be with you. i'm terrell brown. while revelers ring in the new year the senate is also celebrating. just a few hours ago it overwhelmingly passed a bill to avert the fiscal cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. sarah mergener is here with more. >> reporter: a deal now is on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early mo
>>> cliff hanging. overnight the senate passes a deal to avert the fiscal crisis. now it heads for a showdown in the house. >> this shouldn't be the model for how we do things around here. but i appreciate the vice president's willingness to get this done for the country. >>> clinton blood clot. secretary of state hillary clinton is being treated for a clot in the vein between the brain and the skull. >>> and the world rings in the new year. ♪ captioning...
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Jan 1, 2013
01/13
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the senate making a vote on the fiscal cliff deal. the house still has to vote on that so we are continuing to watch that. that just rolled right in with the new year. good morning. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. time now to talk to tucker barnes about our weather. >> good morning to you. >> i want to hear her about love versus lust with you, wisdom. >> it is a long and winding tale. we don't have enough time in the morning to talk about all that. >> we got five hours. let's get to the maps. we've got clouds out there to start your day. it will be an okay day. we'll have a lot of clouds around today just like yesterday. we'll get back in the upper 30s and low 40s for daytime highs. a lot of this is not getting a chance to touch the ground although it is trying. we have a cold front off to the north and west and that will be moving through during the course of the day. it will give us a very chilly air mass here for the mid. week t could kick off a flurry or maybe a sprink follow parts of the ar
the senate making a vote on the fiscal cliff deal. the house still has to vote on that so we are continuing to watch that. that just rolled right in with the new year. good morning. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. time now to talk to tucker barnes about our weather. >> good morning to you. >> i want to hear her about love versus lust with you, wisdom. >> it is a long and winding tale. we don't have enough time in the morning to...
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Dec 27, 2012
12/12
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the senate trickles back into washington for a last attempt at the fiscal cliff compromise. shibani: team coverage, peter barnes standing by at reagan national airport where lawmakers are revising falling snow delays and we start with rich edson on capitol hill where the senate is finally in session but are going to get any work done? >> we will get work done but on a few unrelated issues, nothing to do with the fiscal cliff, they're talking about a couple other bills. president obama back in washington d.c. spoke to all the congressional leaders, top democrats and republicans in the house and senate, no update, or signs of real progress, senior administration official says this one is up to congress to figure out. house republicans say we need the senate to act, senators say we need republicans to act. terry reed hit the floor a short while ago and said it looks like we are headed over the fiscal plan and called on the house to set -- pass the senate plan. >> i see the speaker painting the escape hatch, put the economic base in your own state as speaker of the house. millio
the senate trickles back into washington for a last attempt at the fiscal cliff compromise. shibani: team coverage, peter barnes standing by at reagan national airport where lawmakers are revising falling snow delays and we start with rich edson on capitol hill where the senate is finally in session but are going to get any work done? >> we will get work done but on a few unrelated issues, nothing to do with the fiscal cliff, they're talking about a couple other bills. president obama...
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Dec 28, 2012
12/12
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senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a
senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation...
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Dec 30, 2012
12/12
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what lawmakers in washington are doing to try to avoid the "fiscal cliff." ,, ,,,,,,,,,,,, fiscal cliff. the house and senate return to work tomor s reporter tara me >>> the clock is ticking as congressional leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate minority leader mitch mcconnell were in the capital building today hoping to beat the deadline to the luge "fiscal cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike w
what lawmakers in washington are doing to try to avoid the "fiscal cliff." ,, ,,,,,,,,,,,, fiscal cliff. the house and senate return to work tomor s reporter tara me >>> the clock is ticking as congressional leaders struggle to avoid the "fiscal cliff." the house and senate return to work tomorrow. cbs reporter tara mergener on what senate leaders are doing to come up with a last-minute compromise. >> reporter: house majority leader john boehner and senate...
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Dec 31, 2012
12/12
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fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...
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Dec 28, 2012
12/12
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the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building while feeding the soul. that is coming up. >> harris: 200 tornadoes tore through the southern united states in a single day last year, killing more than 300 people. one of those twisters chewed up the town of tuscaloosa, alabama. 65 people died that day. it was among the deadliest single tornado outbreaks in u.s. history and turned much of that area including a church there to rubble. now, more than a year later that community is just starting to rebuild. elizabeth prann is live for us. what do the church members have to do to go through the process? >> had to get reimbursements from fema and from the insurance companies but
the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. the house will be in session on sunday. harris? >> molly henneberg with the latest outside the white house. thank you, molly. >> for now, rebuilding after disaster. >> when a tornado took out their church members of this community went to work and found inspiration in the wreckage. >> in the midst of the worse there is good things to come out. >> fixing a building...
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Jan 1, 2013
01/13
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crucial vote in the senate on a deal to avoid going over the fiscal cliff. cnn has learned that a vote will likely happen tonight before midnight. the house will not vote, however, until tomorrow. here's what we know about the deal on the table right now. it includes an increase in tax rates for families making over $450,000 a year. individuals making over $400,000 a year. it will extend the unemployment benefits that ended on december 29th and it will include an increase in the estate deal -- in the estate tax. is this deal better than no deal? joining me now is the former director of the congressional budget office, and former labor secretary robert reich, author of "beyond outrage, what has gone wrong with our economy and our democracy and how to fix it" among many other books. thank you for joining us. >> certainly. >> bob, i want to ask you because i heard you talking to wolf and i was amazed. you were in a conversation with wolf, with grover norquist. grover norquist said he would probably support this deal, giving cover to rop republicans who said the
crucial vote in the senate on a deal to avoid going over the fiscal cliff. cnn has learned that a vote will likely happen tonight before midnight. the house will not vote, however, until tomorrow. here's what we know about the deal on the table right now. it includes an increase in tax rates for families making over $450,000 a year. individuals making over $400,000 a year. it will extend the unemployment benefits that ended on december 29th and it will include an increase in the estate deal --...
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Dec 31, 2012
12/12
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the fiscal cliff. senators are leading the negotiations and they have until midnight tonight to come up with a compromise before massive spending cuts and tax increases kick it. that affected university about every one of us around the country. senator harry reid expects us to reconvene this morning. sue rae chin has more. >> reporter: member of congress left meetings on capitol hill sunday without a deal hours before the nation is set to fall off the fiscal cliff and negotiatations continue. >> reporter: if republicans and democrats can't strike a dell before midnight monday, taxes will go up for almost every american. automatic spending cuts will kick in and millions will lose unemployment benefits and i'm billing to get this done. >> reporter: republicans introduced but quickly withdrew a proposal to cut the deficit by slowing the growth of social security. but senators say there is some movement as both sides try to pro mize about which americans should start to pay a higher tax rate. >> republican
the fiscal cliff. senators are leading the negotiations and they have until midnight tonight to come up with a compromise before massive spending cuts and tax increases kick it. that affected university about every one of us around the country. senator harry reid expects us to reconvene this morning. sue rae chin has more. >> reporter: member of congress left meetings on capitol hill sunday without a deal hours before the nation is set to fall off the fiscal cliff and negotiatations...
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Jan 1, 2013
01/13
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have come up with a brplan to deal wh the fiscal cliff. senate democrats out of a immediating with joe biden indicate there is a strong democratic support for the plan. it is not clear if we will see a vote in the senate tonight. the house remain as juniored until noon tomorrow. no matter what, the nation will go off the cliff in a few minutes, at mid might eastern, at least temporarily. nancy pelosi released a statement, just a short time ago, saying in part "when a final agreement is reached and passed by the senate, i will present it to the house democratic caucus." for republican reaction, let's bring in political analyst and former chair of the rnc, michael steele, happy almost new year. >> happy almost new year, milissa. did you ever think this is what we would be doing tonight? >> i did not. but in all fairness, we could have guessed it. what's your reaction? >> my reaction is, you know, typical washington, wait until the last minute. i'm wondering why we're doing this on new year's over, but a deal is a deal. in many respects, you
have come up with a brplan to deal wh the fiscal cliff. senate democrats out of a immediating with joe biden indicate there is a strong democratic support for the plan. it is not clear if we will see a vote in the senate tonight. the house remain as juniored until noon tomorrow. no matter what, the nation will go off the cliff in a few minutes, at mid might eastern, at least temporarily. nancy pelosi released a statement, just a short time ago, saying in part "when a final agreement is...
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Dec 31, 2012
12/12
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WRC
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what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differences. it appeared to have been movement on the cost of living increases for social security recipients. opposition to the white house's proposed rate of increase was dropped but the common ground is even shaky. the fierce disagreement over whether the bush era tax cut with the top income earners should be allowed to expire while middle income earners would see tax relief. the sticking point is over where the income line should be separating those who should continue to see the tax cuts from those who would see them go away. it's about slowing spending and deficit reduction. >> make no mistake. there will be r
what about the path that ends at the end of the fiscal cliff. senators should be back at it. the house reconvened this morning. such new year's eve appearances are on the hill. senate minority leader mitch mcconnell and joe biden kept in place to avoid $200 billion in tax increases. broad stroke spending cuts and domestic and defense spending. they would take effect gradually over a period beginning at midnight if the white house and congress can't reconcile their differences. it appeared to...
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Dec 31, 2012
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on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more than 300 members of the u.k. youth parliament ages 11 to 18 gathered in the british house of commons for their annual debate. their students discussed five topics considered for the national campaign. these included public transportation costs, marriage equality, and others. the speaker of the house presided over the morning and afternoon sessions. such a calm and orderly chamber. [laughter] [inaudible] not together accustomed. it's the the forted meeting the u.k. youth parliament in the house of commons, and i want to underline just how hugely welcome you are by parliamently colleagues and i are thrilled by your presence all previous experience suggests you will speak well with passion a
on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more than 300 members of the u.k. youth parliament ages 11 to 18 gathered in the british house of commons for their annual debate. their students discussed five topics...
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Dec 28, 2012
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the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more time. but if we do surpass that point, interest rates would go up if you are looking to borrow money. money invested in the stock market, analysts predict worldwide markets would have major problems. if you get payments from the government in any form, whether paidfy the government, whether your job is involve in the government or if you get social security checks, if you get veterans benefits, if your government pace your healthcare, all of that could be at risk if there's not enough money or borrowing authority to pay the bills. >> you mentioned the word extraordinary circumstances. what a nic
the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more...
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Dec 31, 2012
12/12
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senators ron johnson and bob corker, if a bargain is still possible organization if the fiscal cliff is now inevitable? plus a "squawk" market master is going to tell us how equities will react. mohamed el-erian is going to be coming on to weigh in. and 2012 marked a real turnaround in housing. major mortgage settlement gave thousands of borrowers a break on debt and a bottom in home prices pushed would-be buyers off the fence. here's diana olick with the outlook for real estate in 2013. >> the housing market will continue on the road to recovery, barring any unforeseen economic disasters. that's not a prediction, that's a fact. as the jobs picture slowly brightens households formation is expected to grow off its lows and that's good news for both the home builders and for investors in the rental market. housing starts, which will end in the 800,000 range this year, should top the 1 million mark in 2013, as big builders continue to see a jump in new orders, and investors continue to compete for distressed homes that used to be the builders competition. and speaking of distress, fewer
senators ron johnson and bob corker, if a bargain is still possible organization if the fiscal cliff is now inevitable? plus a "squawk" market master is going to tell us how equities will react. mohamed el-erian is going to be coming on to weigh in. and 2012 marked a real turnaround in housing. major mortgage settlement gave thousands of borrowers a break on debt and a bottom in home prices pushed would-be buyers off the fence. here's diana olick with the outlook for real estate in...
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Dec 27, 2012
12/12
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darren gersh reports. >> reporter: the odds of avoiding the fiscal cliff did not get any better over the holiday. staff discussions continue, but there were few signs much, if anything has been accomplished. the house isn't even scheduled to return to washington yet, leaving it up to the senate to act. >> this is a senate that is incredibly divided, hopelessly partisan, requires 60 votes to do anything and somehow, we are going to be relying on them to in five days, come up with a compromise which is acceptable where a compromise wasn't acceptable in four years. >> reporter: it now looks like some kind of fall over the cliff is the likeliest scenario. and depending on how long it lasts, it could signal a prolonged fight over the debt limit that could spook markets again in february. >> the republicans are going to be defeated coming out of this fiscal cliff fight. and i think that they are just not going to go along with raising the debt ceiling unless they get something for it. and if the president is not prepared to give them something, then it's going to be really hard to see a wa
darren gersh reports. >> reporter: the odds of avoiding the fiscal cliff did not get any better over the holiday. staff discussions continue, but there were few signs much, if anything has been accomplished. the house isn't even scheduled to return to washington yet, leaving it up to the senate to act. >> this is a senate that is incredibly divided, hopelessly partisan, requires 60 votes to do anything and somehow, we are going to be relying on them to in five days, come up with a...
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Dec 30, 2012
12/12
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WUSA
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leaders are trying to put together some kind of agreement to avert the so-called fiscal cliff. the senate and house are back in session tomorrow, and a last- ditch effort to make a deal. senate republican leader mitch mcconnell left the capitol tight lipped but smiling after work behind closed doors to avoid the so-called fiscal cliff. >> reporter: did you make progress today, sir? >> reporter: he and harry reid are working on a deal that avoids a middle-class tax hike. the plan is to present it to the full senate for a vote sunday, then sent over to the house. house speaker john boehner was also at the capitol but left with no comment. both sides remain at odds over the democrats' insistence that the rich pay more taxes. obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he is ready to propose his own scaled down bill that would block tax increases on all but the wealthy and preserve expi
leaders are trying to put together some kind of agreement to avert the so-called fiscal cliff. the senate and house are back in session tomorrow, and a last- ditch effort to make a deal. senate republican leader mitch mcconnell left the capitol tight lipped but smiling after work behind closed doors to avoid the so-called fiscal cliff. >> reporter: did you make progress today, sir? >> reporter: he and harry reid are working on a deal that avoids a middle-class tax hike. the plan is...
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Jan 1, 2013
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i want to bring in tom foreman on the fiscal cliff. the emerging deal that's out there, no deal yet, and no deal until it's finalized, not only in the senate, as you know, tom, but the house of representatives and signed into law by the president. >> there's so many contentious details here. any one of them might trip this up, but there are two big pillars we're talking about today more than anything else. the first one seems to have been successful. it has to do with the idea of where you're going to put the threshold for maintaining the bush tax cuts. the republicans wanted to maintain the bush tax cuts for everyone. the white house said no, not for everyone. we want to do it for middle income people, but wealthier people can pay more. the president wanted to say anybody making over $250,000 as a couple in this country should pay more. they should go to a higher level of tax rates. however, the republicans by and large said they didn't want anybody to pay more taxes, but some said, if you're going to pay more, let's make it a million
i want to bring in tom foreman on the fiscal cliff. the emerging deal that's out there, no deal yet, and no deal until it's finalized, not only in the senate, as you know, tom, but the house of representatives and signed into law by the president. >> there's so many contentious details here. any one of them might trip this up, but there are two big pillars we're talking about today more than anything else. the first one seems to have been successful. it has to do with the idea of where...
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Jan 1, 2013
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. >> it was a rare bipartisan senate vote, 89-8. america went off the fiscal cliff. vice-president biden came to the capital. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. >> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> middle class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. john boehner send house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. ndelsman, nbc news. >> marylanders voted to approve same-sex marriage. kim dacey is live with the details. >> it was a historic night at city hall as the first same-sex couples did get married in special ceremony this morning. seven couples took their vows. the mayor performed first ceremon
. >> it was a rare bipartisan senate vote, 89-8. america went off the fiscal cliff. vice-president biden came to the capital. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. >> the senate voted to reverse today's tax hikes on 90% of americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. >> republicans said they would never agree to raise tax rates on the...
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although the senate's solution for the fiscal cliff passed by an overwhelming majority, the process has come to a screeching halt today on the house side. as jennifer johnson reports, the entire country is waiting to see what the house will do. a tense new year for house speaker john boehner, as he meets with fellow republicans, over whether to okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when
although the senate's solution for the fiscal cliff passed by an overwhelming majority, the process has come to a screeching halt today on the house side. as jennifer johnson reports, the entire country is waiting to see what the house will do. a tense new year for house speaker john boehner, as he meets with fellow republicans, over whether to okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think...
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over the fiscal cliff. the major hurdle left to clear now. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. it was 3 days of pure joy. ♪ and it's beautiful [ rain pattering ] [ heels clicking ] [ female announcer ] yoplait light tastes great now... ♪ ...and feels great later 20 delicious flavors of yoplait light, now at 90 calories each. yoplait, it is so good! >>> breaking news overnight. no midnight toasts on capitol hill. but there was an early morning vote on a deal to get us off the fiscal cliff. in just a moment, exactly what senators agreed to and why we're not out of the woods just yet. first, welcome ba
over the fiscal cliff. the major hurdle left to clear now. (woman) 3 days of walking to give a break cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to register or to request more information and receive a free 3-day bracelet...
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Dec 30, 2012
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let's get to work. >>> congress is talking fiscal cliff today, although the senate convened earlier this afternoon there is no deal in sight as yet. elliott engle is a democratic congressman from new york and he joins me live now from washington. thank you very much for being with us, representative. >> thank you, my pleasure. >> so from your perspective, why are the talks at a stand still now at this crucial time with literally hours left? >> well, of course, john boehner, the speaker, has said that he wants the senate to work out a deal and that if they work one out, they will send it to the house and we will deal with it then. so, they are busy working it out. you have negotiations at the last minute i zrnt have to be this way, shouldn't be this way, anything possible, i think we will pull it out. >> why do you think that? what gives you any level of optimism, given not just today but this problem has been around for a year and a half, if not longer and nothing's been done. >> well, i've been around this place now for 24 years and the general dynamics, i think, we for some reason wait
let's get to work. >>> congress is talking fiscal cliff today, although the senate convened earlier this afternoon there is no deal in sight as yet. elliott engle is a democratic congressman from new york and he joins me live now from washington. thank you very much for being with us, representative. >> thank you, my pleasure. >> so from your perspective, why are the talks at a stand still now at this crucial time with literally hours left? >> well, of course, john...
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Dec 30, 2012
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well, it turns out the fiscal cliff is going to be a cliff-hanger. with less than two days until the new year, senate leaders are still trying to work out a deal, to avoid tax increases on almost every american. but, any compromise will do close to nothing about our debt problem. joining us now, to discuss what kind of deal they will and won't vote for, are two key senators, democrat dianne feinstein and republican lindsey graham. senators, welcome back to fox news sunday. >> thank you. >> good morning. >> chris: senator graham, a couple of days ago you said you thought we were going to go over the fiscal cliff and now we are in the midst of a lot of last-ditch bargaining between the senate leaders, reid and mcconnell, what are the chances for a small deal in the next, less than 48 hours to avoid the cliff. >> exceedingly good. i think people don't want to go over the cliff, if we can avoid it. i think, whatever we accomplish, political victory to the president, hats off to him, he stood his ground and will get tax increases, maybe not 250 but upper
well, it turns out the fiscal cliff is going to be a cliff-hanger. with less than two days until the new year, senate leaders are still trying to work out a deal, to avoid tax increases on almost every american. but, any compromise will do close to nothing about our debt problem. joining us now, to discuss what kind of deal they will and won't vote for, are two key senators, democrat dianne feinstein and republican lindsey graham. senators, welcome back to fox news sunday. >> thank you....
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Dec 30, 2012
12/12
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graham, a couple of days ago you you said you thought we were going to go over the fiscal cliff. now, we are in the midst of a lot of last ditch pa bargaining between the senate leaders reid and mcconnell. what do you think of the chances for a small deal in the next less than 48 hours to avoid the cliff? >> exceedingly good. i think people don't want to go over the cliff if we can avoid it. i think what have we accomplished? political victory for the president. he stood his ground and he will get tax rate increases. maybe not at 250 but on upper income americans and the sad news for the country s that we accomplished very little in terms of not becoming greece or getting out of debt. this deal won't affect the debt situation. it will be a political victory for the president and i hope we will have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in asp republicans. but hats off to the president, he won. >> chris: you don't think some of the more conservative colleagues will filibuster or set up a procedural road block? they
graham, a couple of days ago you you said you thought we were going to go over the fiscal cliff. now, we are in the midst of a lot of last ditch pa bargaining between the senate leaders reid and mcconnell. what do you think of the chances for a small deal in the next less than 48 hours to avoid the cliff? >> exceedingly good. i think people don't want to go over the cliff if we can avoid it. i think what have we accomplished? political victory for the president. he stood his ground and he...
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Jan 1, 2013
01/13
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the senate plowed through the ball drop into the early hours of 2013 on their side of the fiscal cliff deal. as if your hangover isn't bad enough, time is running short for the house to act. we're just two hours away from speaker boehner reconvening that chamber to do what? we still don't know. maybe they'll vote. maybe they'll debate. good morning. i'm mara schiavocampo. happy new year on a busy first day of 2013. well, most of us were celebrating into the wee hours of new year's eve while the senate was passing a deal to avoid the worst of the fiscal cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our constituents from a very real financial pain. in my view, it was worth the effort. >> nbc'
the senate plowed through the ball drop into the early hours of 2013 on their side of the fiscal cliff deal. as if your hangover isn't bad enough, time is running short for the house to act. we're just two hours away from speaker boehner reconvening that chamber to do what? we still don't know. maybe they'll vote. maybe they'll debate. good morning. i'm mara schiavocampo. happy new year on a busy first day of 2013. well, most of us were celebrating into the wee hours of new year's eve while the...
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Dec 27, 2012
12/12
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FBC
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the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 2
the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very...
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Dec 31, 2012
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announced a deal was very close in the fiscal cliff negotiations. what's in, what's out, our own wolf blitzer joins us next. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app.
announced a deal was very close in the fiscal cliff negotiations. what's in, what's out, our own wolf blitzer joins us next. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter?...
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Jan 1, 2013
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the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other deadlines. >> it's no joke. we have gone to the brink on each one of those three things. >> that's the way we do it now. we wait until the absolute last minute to get things done. >> let me give you the glass half full here. we are in -- >> half full of champagne. >> we're in an environment of risk, we're not making it worse type environment. we're doing things to embrace the deficit and the debt. slowly but we're doing it. >> the problem not having a budget really is fundamentally a problem. the government does all sorts of things, passes all sorts of resolutions whether you like th
the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other...
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Dec 31, 2012
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this fiscal cliff, three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. there are no swing states. they don't go home and have a case because they've got a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a lot of folks as i was coming into the office today said they have to get it done by kickoff time tonight. >> that's right. >> it's a good thing nbc moved the kickoff to primetime. it's very important. >> arguably, the redskins could clinch today. i think it's also important to go back to the president's argument, that, you know, you have to be able to say yes to something that's reasonable. charles krauthammer and other conservatives argued that he's effectively exposed big internal divisions in the republican party that they have yet to work out, whi
this fiscal cliff, three budget standoffs. i mean, this congress has been uniquely atrocious. >> tom? >> the fact is the system is rigged. 75% of the congressmen come from gerrymandered districts in which they are bulletproof. they only play to one constituency. there are no swing states. they don't go home and have a case because they've got a choir back home. and that's a huge part of the problem here. there's another reality in this town today. we need a lighter moment here. a...
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Jan 1, 2013
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>> no rest for lawmakers as a late night deal is reached in the senate on the fiscal cliff. but the u.s. still poised to go over the cliff. >>> but even as the country rang in the new year the deadline for that deal was passing. what happens next for lawmakers? and what impact is it going to have on your wallet? >> also we're learning new details about secretary of state hillary clinton's blood clot in her head. we'll have the latest on her treatment. and her prognosis. >>> happy new year. >> happy new year. >> good morning, welcome to "early start" everyone. i'm john berman. >> i'm ali velshi. >> and i'm christine romans. zoraida is off today. it is 6:00 a.m. right now on the nose. well 20 seconds away. >> and breaking news. can you feel it? we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern
>> no rest for lawmakers as a late night deal is reached in the senate on the fiscal cliff. but the u.s. still poised to go over the cliff. >>> but even as the country rang in the new year the deadline for that deal was passing. what happens next for lawmakers? and what impact is it going to have on your wallet? >> also we're learning new details about secretary of state hillary clinton's blood clot in her head. we'll have the latest on her treatment. and her prognosis....
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. >> washington lawmakers are running out of time to reach a deal on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way means the folks you sent to washington have to do their jobs. >> the president said congress must meet the new year's deadline and pass a balanced plan. >> the president's proposal to raise taxes on the top 2% won't even pay one third of the interest that's owed on this 16 trillon dollar debt. >> ouri senator gave the gop address saying the president's tax hike would only fund the government for eight days. >> here is what could happen if no deal is reached. out of work americans will loose their extended benefits, california would be hit the hardest, 400,000 will loose benefits and the bay area
. >> washington lawmakers are running out of time to reach a deal on the fiscal cliff. senate leaders are working on a last ditch agreement. they hope to vote as soon as tomorrow. both houses will reconvene tomorrow. some republicans suggest racing taxes for those earning at least a million, the president and democrats want increases on making more than $250,000 a year. >> we can't afford a politiclyself inflicted wound to the economy. the economy is growing but keeping that way...